China: Shagang Steel rolls over long steel prices for late-Feb’22

China’s Shagang Steel has rolled over construction steel prices for late-Feb’22 sales. Current prices:

• Rebar (16-25 mm): RMB 5,100/t ($805/t)
• Wire rod (6-10 mm): RMB 5,310/t ($839/t)
• Coiled rebar (8-10 mm): RMB 5,400/t ($853/t)

Prices mentioned are on exw basis including taxes, effective from today.